Global Development Initiative: An International Public Goods to Promote Common Development

ABSTRACT

The world today is facing turbulence and change, and global development is at a crossroads. At this critical juncture, President Xi Jinping put forth the Global Development Initiative (GDI) with the theme "implementing the 2030 Sustainable Development Agenda for more robust, greener and healthier global development" at the 76th General Assembly of the United Nations, which sheds light on the direction of global development. The GDI, proposed by China, has galvanized support from the international community as an international public goods to promote common development. Following the historical trends of human development, the GDI breaks through the limitations of the hegemonic stability theory and the free-riding curse to expand and innovate the theoretical perception of international public goods with the right approach to principles and interests. With a people-oriented approach and the basic principles of green and innovative development, the GDI both addresses urgent challenges and attaches importance to enhancing development capabilities and creating supporting conditions to offer a holistic solution to global challenges. Through the implementation of multiple pathways under international cooperation, the GDI will build a consensus on global development, increase the momentum of global development, and play an important role in creating a community with a shared future for mankind.